llva tender is invalid but cannot be canceled: Di Maio

摘要

ArcelorMittal's tender for Ilva is illegitimate but cannot be canceled unless some other bidders show their interest, Italian Minister of Labor and Economic Development Luigi Di Maio said in a press conference seen by S&P Gobal Platts. "The state committed the perfect crime by creating a procedure full of flaws and illegalities," Di Maio said while commenting on the legal opinion that he got from the Avvocatura di Stato, the Italian attorney-general's office. According to Avvocatura di Stato, which provides legal advice to the government, the Ilva sale tender had some critical legal issues, but not enough to make the deal invalid, leaving it to the Italian government to make the ultimate decision whether or not to cancel the deal with respect to the public interest.